The Median Age of a First Time Homebuyer is Now 40
High mortgage rates and home prices continue to be barriers.
The age of a first-time homebuyer is the oldest it has ever been. The median age is now 40 years old. The National Association of Realtors also says the share of first-time buyers in the market has fallen to 21-percent, a record low. Research reveals two evolving snapshots of the housing market. One group of buyers has significant housing equity…

